Gold Movement
For the 24 hours to 23:00 GMT, Gold declined 0.35% against the USD and closed at USD1487.70 per ounce, as investors’ appetite for riskier assets improved.
In the Asian session, at GMT0300, the pair is trading at 1487.30, with gold trading slightly lower against the USD from yesterday’s close.
The pair is expected to find support at 1481.30, and a fall through could take it to the next support level of 1475.30. The pair is expected to find its first resistance at 1496.00, and a rise through could take it to the next resistance level of 1504.70.
The yellow metal is trading below its 20 Hr and 50 Hr moving averages.
